Murthy's recent US trip helped to curb company's inflexible, arrogant perception
Top business leaders to raise issues on investment, trade and the rupee
N R Narayana Murthy, who returned to Infosys last month, has now taken over the driver's seat at the Bangalore-based company.
Shibulal talks about the company's new focus areas under the chairmanship of N R Narayana Murthy, and their rationale.
Be it the industry laggard performance or harassment allegations by overseas employees, Infosys has a tough road ahead and investors will look at Sikka to sort out the issues.
Top-level exits at Bangalore-based Infosys may have led to concern about the company's medium-term growth, but these have contributed to Executive Chairman N R Narayana Murthy's strategy of cost optimisation.
Cost cutting has begun to deliver; analysts say the real turnaround will come when Murthy's impact is evident on sales and delivery.
Unfazed by the exodus of top executives, Infosys co-founder and Executive Chairman N R Narayana Murthy on Friday said he wished luck to those who quit the firm and said the company has a strong cadre of leaders and that its future will not be "compromised".
Speaking to engineering students at the annual convocation of the Indrprastha Institute of Information Technology, Delhi, Murthy pointed out that the much famed Indian software sector ends up importing every innovation from the West despite the fact that the country produces a large number of software professionals.
Infosys did not disclose the nature of the information sought by Securities and Exchange Board of India.
N R Narayana Murthy addressed Infosys staff on Thursday for the first time since taking charge of the beleaguered company as the executive chairman.
Companies are expected to firm up their business plans for the second half of the year.
The one-time bellwether of the country's IT industry has slid to the third spot in terms of revenue, overtaken by a relative upstart, Cognizant Technologies (TCS is the largest).
The stranglehold of the founders over the Infosys management has strengthened after the recent changes.
Unless Murthy launches an aggressive search for a significant infusion of new blood, he will find it difficult to implement the dramatic changes to Infosys' fortunes that everyone expects him to, says P R Ganapathy.
Not only has the gap between Infosys and the market leader Tata Consultancy Services increased in recent quarters, even Cognizant has overtaken Infosys.
The current executive co-chairman S Gopalakrishnan will be re-designated executive vice-chairman while S D Shibulal, who was one of the seven engineers to launch the company in 1981 by pooling together $250, will continue as Chief Executive Officer (CEO).
Information technology leader Ganesh Natarajan hailed N R Narayana Murthy's reappointment as executive chairman and additional director of Infosys on Saturday.
The National Association of Software and Services Companies (Nasscom) on Saturday welcomed re-appointment of N R Narayana Murthy as Infosys Executive Chairman, saying his insights into the company and the technology industry would be valuable.
To an outsider, the exits could signal turmoil and, perhaps, even trouble. But, Infosys, on the contrary, seems to be back as stock markets' darling.
Asked if there was a timeline to see a turnaround at Infosys, Kamath said the country's second largest software services firm was a profitable company.
Perhaps the greatest positive for Mr Sikka is his job knowledge and career record.
The succession strategy has an unmistakable stamp of Murthy's sharp management and leadership acumen - a trait he has been regarded for all this while.
Today, staff morale down the line is low, attrition last year scaled a new high, and even clients have expressed concern at the state of things.
Brokerage firm says recovery under Narayana Murthy to take longer than expected; stock dips 3%.
The son is not being groomed for a bigger role in the company as of now.
The Rs 600-crore (Rs 6-billion) fund wants to become a global-style limited-partnership investor. It was a venture capital fund formed after much thought and attention to detail, like almost all the moves.
Indian IT industry had expressed concerns over the visa restrictions set out in the US Immigration Reform Bill that could hit their business hard.
The Infosys co-founder, who was brought back to head the firm in June last year, also expressed unhappiness over the laggard performance in the last two years.
For the first time since its inception over thirty years ago, these exits will lead the company to have a non-founder CEO.
Infosys is currently working on lot of tools and technology that will enhance an individual's productivity, he said.
We have to walk a very fine line between our desire to mobilise more and more taxes or having higher percentage of taxes, he says
Supporting a strong Lokpal, Infosys Technologies Chairman Emeritus N R Narayan Murthy said reduction in corruption leads to faster economic growth of a country and this could have been the case in India also if graft had been curbed.
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N R Narayana Murthy, who returned as Executive Chairman of Infosys on Saturday, said he will be more effective with his son Rohan as an Executive Assistant but made it clear the latter has no leadership role.
The development comes at a time when Infosys' shares are trading at a record high.
India's premier software services company, Infosys Limited, has reached out to its banker, the non-executive chairman of ICICI Bank, K V Kamath, to step into the shoes of its founder N R Narayana Murthy.
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